Which of the Following Is True About the Compensation Strategies

question 33

Multiple Choice

Which of the following is true about the compensation strategies for scientists and engineers?

• A)Organizations generally do not provide perks to scientists and engineers, such as flexible work schedules, large offices, and lavish athletic facilities.
• B)Scientists and engineers generally advance their careers along the scientific track as they have few opportunities to pursue management responsibilities.
• C)Most scientists and engineers are not entitled to performance-based incentives such as profit sharing and stock ownership incentives.
• D)The knowledge and skills of engineers and scientists never become obsolete and hence their salaries continue to rise during the course of their careers.
• E)Due to the volatile nature of jobs and salaries in these occupations, organizations rely heavily on external market data in determining the base pay for scientists and engineers.

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Definitions:

Mass Customization

A strategy that involves producing goods and services to meet individual customer's needs with near mass production efficiency.

Custom Degree Program

An educational program tailored to meet the specific career objectives or interests of a student.

Geoclustering

The practice of grouping consumers or data based on geographical locations and demographics to target marketing efforts more effectively.

Nielsen's PRIZM

A market segmentation research tool that classifies the American population into distinct lifestyle segments to help marketers identify and target their customers and prospects.